Norwegian marine survey company EMGS is looking at options after Mexico's Pemex said it wouldn't award any more work 'in the medium future' under a contract announced in 2019. EMGS expects the decision will have a 'material detrimental effect' on its business…
Oslo-listed marine seismic services company Polarcus has signed a contract for a survey in the Asia Pacific region.Polarcus said Wednesday that it had received a deal for an XArray marine seismic acquisition project, without disclosing the identity of the client nor the financial details…
Norwegian marine data acquisition firm EMGS has been awarded more work with the Mexican oil company Pemex in Mexico.As previously reported, EMGS had in June 2019 signed a two-year acquisition contract with Pemex with a valued at around $73.3 million…
Norwegian seismic survey company Shearwater has lost two contracts in the Asia Pacific, joining the likes of Polarcus, SeaBird, EMGS which have all been hit by the recent low oil prices and COVID-19 pandemic situation.Shearwater said Tuesday…
Offshore seismic contractors, especially the owners of survey vessels, are the ones who will suffer the most from low oil prices and COVID-19 when it comes to the oil and gas supply chain, Rystad Energy has said in its analysis.The Norwegian…
Norwegian offshore vessel operator Eidesvik Offshore will see its platform supply vessel Viking Princess return from a contract earlier than expected.The company said Sunday that it had received 'notice of early redelivery' from the charterer Ithaca Oil and Gas…
Marine seismic survey company Axxis Geo Solutions has said a client has canceled a contract for work in the North Sea.Axxis Geo Solutions, specializing in Ocean Bottom Node surveys, said the cancellation was 'on a small contract in the North…
Oslo-listed marine seismic data acquisition company SeaBird Exploration has lost a survey contract offshore West Africa.In a statement on Monday, SeaBird Exploration said it had been notified that the end-client has canceled the two OBN surveys off West Africa due to the COVID-19 situation…
Norwegian offshore seismic surveyor PGS has said that the coronavirus pandemic and the disruption in the oil market present unprecedented challenges for the offshore services industry, including the marine seismic industry.PGS expects the low…
Polarcus Ltd, which operates ships that search for offshore oil and gas, announced two project cancellations that will reduce its fleet utilization next quarter, highlighting the effects of the oil price slump on the energy services sector.Polarcus'…
Norwegian geophysical services company Electromagnetic Geoservices ASA (EMGS) has seen an increase in vessel utilization for the fourth quarter 2019 at 80% compared with 32% for the fourth quarter in 2018.For the full year 2019, the vessel utilization was 59%…
Norwegian geophysical services company Electromagnetic Geoservices (EMGS) has announced that it has signed a USD 8 million multi-client contract with an undisclosed customer.Under the contract, the customer will license certain data from the…
Norwegian geophysical services company Electromagnetic Geoservices ASA (EMGS) said in its fleet update for the third quarter 2019 showed a fleet utilization of 73 percent, compared with 29% for the third quarter in 2018. The marine EM market…
What do Colombia and Norway have in common? They both led the world in hydrocarbon discoveries in the third quarter of 2019.That GlobalData finding signals but one of many currents shaping an oil-and-gas industry that’s vital to keeping the largest nations on earth clothed…
Oslo-listed Electromagnetic Geoservices (EMGS) has been awarded a contract from Nabirm Global LLC for a proprietary 3D CSEM survey over Block 2113A in the Walvis Basin offshore Namibia.The program, valued at over $1 million, will cover acreage in block 2113A…
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